Exhibit
10.18





Named Executive Officer
Salary, Bonus and Perquisite Arrangements for 2008





Set forth
below is a description of certain compensation arrangements for 2008 for the
following officers of Imperial Capital Bancorp, Inc. (the “Company”) and
Imperial Capital Bank, referred to below as the “named executive officers”:
George W. Haligowski, Chairman of the Board, President and Chief Executive
Officer; Norval L. Bruce, Vice Chairman of the Board; Timothy M. Doyle,
Executive Managing Director and Chief Financial Officer; Lyle C. Lodwick,
Executive Managing Director and Chief Operating Officer; and Phillip E.
Lombardi, Executive Managing Director and Chief Credit Officer.





Base
Salaries





The base
salaries of the named executive officers, other than Mr. Bruce, were not changed
and will remain at 2007 levels until the Company’s Compensation Committee and
Board of Directors determine otherwise.  Mr. Bruce’s base salary,
which was reduced in 2007 to $124,000 to reflect a reduction in his work hours,
will be further reduced by 50% to $62,050 effective July 1, 2008.  The
following table sets forth the current base salaries for the named executive
officers:





Name
            
            Base SalaryGeorge
      W. Haligowski
            
            $
            590,000Norval
      L. Bruce
            
            
            124,100
            (1)Timothy
      M. Doyle
            
            
            259,875Lyle
      C. Lodwick
            
            
            247,200Phillip
      E. Lombardi
            
            
            185,000


______________


(1) To be reduced to $62,050 effective July
1, 2008.





Bonuses





The named
executive officers may receive cash bonuses at the discretion of the
Compensation Committee.  The named executive officers’ maximum
potential bonuses for 2008 were reduced by 50% from their maximum potential
bonuses for 2007. Accordingly, each named executive officer, other than Mr.
Haligowski, will have the potential to receive a bonus for 2008 of up to 25% of
base salary (compared to the potential for up to 50% of base salary for
2007).  Mr. Haligowski will have the potential to receive a bonus for
2008 of up to 100% of base salary (compared to the potential for up to 200% of
base salary for 2007).





Corporate
Vehicle Program





The
Company maintains a corporate vehicle program, under which officers at or above
the First Vice President level are given the choice of the use of a
Company-purchased vehicle, with the Company covering the purchase cost up to a
specified amount and the costs of operating the vehicle (including insurance,
gasoline, maintenance, repairs and personal use), or a monthly allowance
intended to cover the costs of the officer’s operation of his or her own
vehicle.  The maximum Company-covered purchase cost and monthly
allowance options for the Executive Managing Director level and above are
currently as follows:





Officer Level
            
            Max. Purchase Cost
            
            
            Monthly AllowanceChief
      Executive Officer
            
            $
            165,000
            
            
            $
            2,600Vice
      Chairman and Executive Managing Directors
            
            $
            77,500
            
            
            $
            1,800





Additional
Chief Executive Officer Compensation and Benefits





Mr.
Haligowski receives various other perquisites and other personal benefits,
including, among other things, the use of up to 35 hours of chartered aircraft
services during 2008.





Supplemental
Life Insurance Benefit





The Board
also approved a supplemental life insurance benefit for Messrs. Lodwick and
Lombardi, which is consistent with the existing supplemental life insurance
benefit being provided to Mr. Doyle.  The benefit is in the form of a
$250,000 term policy on which the Company will pay the premiums and gross-up the
officers’ compensation for the tax liability they incur as a result of this
benefit.